PGR · 8-K · 20260715PR000262

Operating Expense Trends

PROGRESSIVE CORP/OH/ · 2026-07-15 · Importance 47 · Surprise 22 · In source text

Year-to-date other underwriting expenses increased 12% to $6.057 billion from $5.408 billion. Policy acquisition costs increased 5% to $3.105 billion from $2.967 billion, while service expenses increased 11% to $285 million from $256 million. Total expenses increased 8% to $38.022 billion from $35.195 billion, compared with an 8% increase in total revenues to $45.797 billion.

Key facts

• June 2026 company loss and loss adjustment expenses: $4,937 million source
• June 2026 total expenses: $6,577 million source
• Year-to-date 2026 total expenses: $38,022 million source
• June 2026 GAAP expense ratio: 20.5 source
• Year-to-date 2026 GAAP expense ratio: 20.2 source

Impact estimates